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that is what to be determined in question a) 57488 The manager of Paisley Hotel determined the following costs for 2020. Room Operating Costs Depreciation
that is what to be determined in question a)
The manager of Paisley Hotel determined the following costs for 2020. Room Operating Costs Depreciation Expense Property Taxes Expense Management Salaries Other Operating Costs Total Operating Costs Rooms to be Sold: $1,927,000 $871,000 $305,000 $451,000 Paisley Hotel has 210 rooms with an average occupancy rate of 75%. It operates 365 days per year. Do not enter dollar signs or commas in the input boxes. a) Determine the number of rooms to be sold during the year. Round your answer to the nearest whole number. $2,322,000 $5,876,000 Breakeven Room Rate: b) Based on the above information, what is the breakeven room rate for Paisley Hotel? Round your answer to 2 decimal places. c) What is the minimum daily revenue? c) What is the minimum daily revenue? Round your answer to 2 decimal places. Minimum Daily Revenue: d) If Paisley Hotel has two different sized rooms, 300 square feet and 400 square feet, what would be the minimum rate to charge for those rooms if there are 100 300-square-foot rooms? Round square feet to the nearest whole number. Round room rates to 2 decimal places. Total Square Feet: Total Square Feet Sold: Small Room Rate: Large Room Rate 57488
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